Harmony in Riga

Name: Sales in Harmony started!
Start: 2022-03-09T06:57:43.742034+00:00
End: 2023-12-31T23:59:59+0000
Location: Harmony

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Project info

Object ID: 18939

Finished at	December 2021
Price, m²	From 1790$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 29.40 m²
Floors	3
Apartments	42
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

51,910$

Net profit

5,906$

Payback period

6.4 years

Avg property value increase per year

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About the project

The location of "Harmonija" is the fulfillment of all desires - the green Mežaparks with its innumerable possibilities is within easy reach: cross-country and roller-skating paths, a zoo, Ķīšezers beach and water sports, children's playgrounds, silence and fresh air. Next to the complex is the prestigious village of Kolonna and OZO Golf Club. It is only 15 minutes to get to Vecāķi Beach to play beach tennis or volleyball and enjoy a coffee walk along the coast. In the opposite direction, a 15-minute drive away is the center of Riga, where you can feel the pulse of the city's events.

Currently, the first residential building is being built in the project area, which will have compact one-, two- and three-room apartments with full interior decoration on three floors. They will be equipped with individual heating, water and electricity meters. The ground floor apartments are complemented by spacious outdoor terraces, where you can enjoy an evening tea while breathing the air of the pine forest. In the other apartments - comfortable loggias, the decoration of which allows you to maintain privacy while ensuring light transmission.